The KGHM management board earlier assumed that the price of copper will be $5,700 (zł.15,960) per tonne, while now it believes that it will amount to $6950 (zł.19,460) per tonne. The profit growth will mean an increase in KGHM employees salaries. Employees will receive a record zł.300 million in bonuses. Last year the company generated a net profit of zł.3.4 billion and in H1 this year it has already posted a net profit of zł.1.8 billion. (Puls Biznesu, p. 11; Rzeczpospolita, p. B6; Parkiet, p. 5) E.B.
KGHM predicts high yearly profits as copper price rises
2007-08-22 00:00
publikacja
2007-08-22 00:00
2007-08-22 00:00
The KGHM management board earlier assumed that the price of copper will be $5,700 (zł.15,960) per tonne, while now it believes that it will amount to $6950 (zł.19,460) per tonne. The profit growth will mean an increase in KGHM employees salaries. Employees will receive a record zł.300 million in bonuses. Last year the company generated a net profit of zł.3.4 billion and in H1 this year it has already posted a net profit of zł.1.8 billion. (Puls Biznesu, p. 11; Rzeczpospolita, p. B6; Parkiet, p. 5) E.B.